AlphaTime Acquisition Corp (NASDAQ:ATMC - Get Free Report) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 100 shares, a drop of 50.0% from the December 31st total of 200 shares. Based on an average daily volume of 13,500 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Trading of AlphaTime Acquisition
An institutional investor recently raised its position in AlphaTime Acquisition stock. Mizuho Securities USA LLC boosted its stake in AlphaTime Acquisition Corp (NASDAQ:ATMC - Free Report) by 64.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 505,896 shares of the company's stock after purchasing an additional 198,896 shares during the period. Mizuho Securities USA LLC owned about 7.36% of AlphaTime Acquisition worth $5,656,000 at the end of the most recent quarter. Institutional investors and hedge funds own 82.24% of the company's stock.
AlphaTime Acquisition Stock Up 0.5 %
Shares of ATMC stock traded up $0.06 during trading on Monday, hitting $11.48. 505 shares of the stock traded hands, compared to its average volume of 1,227. The firm's fifty day moving average price is $11.36 and its 200-day moving average price is $11.26. AlphaTime Acquisition has a 52-week low of $10.77 and a 52-week high of $11.86.
AlphaTime Acquisition Company Profile
(
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AlphaTime Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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